Antalis to Buy Xerox's Western European Paper Business
Upon closure of the deal, Xerox's paper business in Western Europe will become part of Antalis, which will hold exclusive rights for the marketing and distribution of Xerox-branded paper and print media products across the region.
June 19, 2013 - Xerox said that European paper merchant Antalis has made a binding offer to acquire Xerox’s paper and print media products business in Western Europe.
Terms of the deal were not disclosed.
In June of this year, Xerox sold its U.S. and Canadian Paper Business to Domtar.
“This announcement follows the sale earlier this year of Xerox’s United States and Canadian paper business, as we continue to focus on growing business services and developing innovative document technologies,” said Herve Chauveau, managing director, Xerox Document Supplies Europe.
“As a leading distributor of paper and print media supplies, Antalis is well positioned to serve our clients exceptionally well and continue delivering the same high level of quality they expect from Xerox and our brand,” Chauveau added.
While Xerox does not manufacture paper, the company has long distributed through its brand name a broad range of coated and uncoated papers and specialty print media including business forms as well as carbonless and wide-format paper.
On closing, Xerox’s paper business in Western Europe will become part of Antalis, which will hold exclusive rights for the marketing and distribution of Xerox-branded paper and print media products across the region.
This offer does not affect the manufacture, sale and support of Xerox’s broad range of consumables, such as toner and ink, and Xerox Replacement Cartridges, Xerox noted.
Antalis expects to close the deal early in the fourth quarter of 2013, subject to closing conditions which include obtaining necessary regulatory approval from the EU Commission as well as employee communication and consultation.
Until the close, Xerox customers may order paper and media through Xerox and its resellers. After the sale closes, customers will order paper through Antalis and its trade reseller network.
The following countries are included in this transaction: Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom.